LICHSGFIN trade ideas
Short LICHSGFIN SL-436.70Trade is reversible in itself if SL hit means to reverse the trade without any doubt if SL hit.
LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 412LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 412
LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 416LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 416
LICHSGFIN (LIC Housing Finance Limited) BUY ABOVE 416LICHSGFIN (LIC Housing Finance Limited) BUY ABOVE 416
LIC HousingIts giving a break out after forming double bottom on daily charts, one can initiate a trade with a stop of 410 and for the target of 455 in days to come
LIC Housing Finance short positionLIC Housing has started downtrend and we have drawn a resistance line from down trend which acts as moving SL for our position. LIC Housing Open Short around 465 Target 440 SL 473 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
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BUY LICHSGFIN 470-475 FOR BOUNCE TARGET 495BUY LICHSGFIN 470-475 FOR BOUNCE TARGET 495
LIC is touching the lower end of trend line .
Assuming mkt is oversold and ripe for recovery one can buy LICHSGFIN around 470-475 for target of 495 ( upper end of trendline channel )
LIC Housing Fin - Showing WeaknessIt has been observed that the price action firstly formed a bearish engulfing candlestick pattern at the resistance zone indicating weakness in price action. This is also supported by bearish divergence in RSI, indicating further price action weakness. Therefore, from current levels price action may further dip down to the next support zone which can be seen at the previous gap up movement. Now expecting the price action to reach next support zone at 500 levels with SL 555
Target- 500
SL - 558
LIC Housing - Interestingly poisedLooks like a rejection of resistance from a price action perspective.
But
1. Future kumo is bullish
2. Chikou is free no immediate resistance
3. TK crossover insight.
Likely to test the Kijun Sen around 547.... if it bonces off likely to crosss 560 resistance.
Daily closing basis
